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British Virgin Islands Business, Taxation and Offshore Information

The British Virgin Islands are an English-speaking Dependent Territory of the United Kingdom, located in the Caribbean off Puerto Rico. The BVI is politically stable; under the 1967 constitution, the Governor represents the Queen and heads an Executive Council. There is a 13-member elected Legislative Council.

Until 2005 the only significant tax in the BVI was income tax, which applied to the relatively few local companies and to individuals; there are customs duties and some real estate taxes. The population of 31,150 (2012 est) is of mixed European and Caribbean origin. There is minor tension between the settled population and recently-arrived Caribbean economic migrants. The economy is highly dependent on tourism, with financial services also important. In 2004 the government abolished income tax for companies and individuals, replacing it with a 'payroll' tax, shared between companies and employees. More »

 


British Virgin Islands Knowledge Base

British Virgin Islands: Country and Foreign Investment
A quick overview of the British Virgin Islands - its history, geography, and business advantages.
British Virgin Islands Executive Summary »
British Virgin Islands Geography »
British Virgin Islands Population, Language and Culture »
British Virgin Islands Government »
British Virgin Islands Economy and Currency »
British Virgin Islands Entry and Residence »
British Virgin Islands Business Environment »
British Virgin Islands Investments by Foreigners »

British Virgin Islands: Types of Company
A look at various types of company in the British Virgin Islands, providing options to suit different business needs.
British Virgin Islands Company Introduction »
British Virgin Islands Company Limited by Guarantee »
British Virgin Islands Hybrid 'Cap 285' Company »
British Virgin Islands Public Company »
British Virgin Islands International Business Company »
British Virgin Islands Limited Partnership »
British Virgin Islands Trusts »

British Virgin Islands: Offshore Business Sectors
The key sectors of the British Virgin Islands' offshore economy.
British Virgin Islands Offshore Business Introduction »
British Virgin Islands Financial Holding and Investment »
British Virgin Islands Investment Fund Management »
British Virgin Islands Banking »
British Virgin Islands Trust Management »
British Virgin Islands Ship Management and Maritime Operations »
British Virgin Islands Insurance »

British Virgin Islands: E-Commerce
A description of how e-commerce operations are enabled in the British Virgin Islands, and how the offshore tax regime can best be utilised for e-commerce.
British Virgin Islands E-Commerce Introduction »
British Virgin Islands Offshore Activities »

British Virgin Islands: Offshore Legal and Tax Regimes
This section looks at available offshore operations in the British Virgin Islands and the criterion required for obtaining offshore tax status.
British Virgin Islands Offshore Introduction »
British Virgin Islands Forms of Offshore Operation »
British Virgin Islands Tax Treatment of Offshore Operations »
British Virgin Islands Taxation of Foreign Employees »
British Virgin Islands Exchange Control »
British Virgin Islands Employment and Residence »

British Virgin Islands: Law of Offshore
A hub for information about the main laws and statutes affecting offshore and non-resident businesses in the British Virgin Islands.
British Virgin Islands Table of Statutes »
British Virgin Islands Trust Law »
British Virgin Islands Banking Law »
British Virgin Islands Insurance Law »
British Virgin Islands Mutual Fund Law »

British Virgin Islands: Labour Regulation
An analysis of employment law, industrial relations, and social security schemes in the British Virgin Islands.
British Virgin Islands Regulatory Environment »
British Virgin Islands Work Permits »

British Virgin Islands: Domestic Corporate Taxation
A guide detailing the scope and rate of taxes affecting companies in the British Virgin Islands.
British Virgin Islands Corporate Tax Introduction »
British Virgin Islands Income Tax »
British Virgin Islands Taxation of Trusts »
British Virgin Islands Witholding Tax »

British Virgin Islands: Personal Taxation
An overview of applicable taxes for individuals in the British Virgin Islands.
British Virgin Islands Personal Tax Introduction »
British Virgin Islands Residence and Liability for Taxation »
British Virgin Islands Personal Income Tax »
British Virgin Islands Real Estate Taxes »
British Virgin Islands Customs Duties »

British Virgin Islands: Double Tax Treaties
Treaties and international agreements that the British Virgin Islands have in place, to mitigate the effects of double taxation.
British Virgin Islands Tax Treaty Introduction »
British Virgin Islands Other International Agreements »
British Virgin Islands Tax Information Exchange Agreements »

British Virgin Islands: Related Information
Other useful information pertinent to the British Virgin Islands.
Map of British Virgin Islands »